The Inter-American Development Bank (IDB) and the Pepsico Foundation today strengthened their partnership to improve the efficiency of water management in Latin America through the advanced Hydro-BID tool, which facilitates the adaptation of resources to potential impacts from climate change.
This collaboration, supported by a donation of 3 million Pepsico to the IDB, will allow the establishment of the Hydro-BID Support Center in Latin America and the Caribbean with the objective of benefiting 725,000 people until 2025.
Hydro-BID helps public institutions efficiently manage water resources by analyzing and predicting water availability, taking into account the impact of climate change and the final use of water.
“Water is fundamental to our business,” said Laxman Narasimhan, CEO of the company for Latin America, Europe and Sub-Saharan Africa, in a conference call with Efe to discuss the partnership.
For this reason, he assured that “all of PepsiCo’s global water efforts are aimed at supporting the long-term water security for those who depend on the availability of water” and pointed out that “it is crucial to support efforts to increase access to safe water. , a fundamental human right recognized by the UN “.
Narashiman stressed that the project “had exceeded their expectations”, hence the company’s interest in increasing its participation.
Between 2014 and 2016, Hydro-BID already gave good results in Peru, where it was applied in 65% of its water basins, and the creation of the Support Center will help extend its activities to other countries, after this year Argentina , Ecuador and Guatemala joined the project.
“By enabling the regional center to become a reality, the PepsiCo Foundation is helping the IDB to empower the governments of our region with the resources, information and skills they need to better manage essential water resources and, as a result, provide a better service “, explained Luis Alberto Moreno, president of the multilateral organization, in the same conversation.
Moreno also added that the alliance underscores the importance for the IDB of collaborating with the private sector to increase the “scale” of the impact of development projects in Latin America.